每股分配比例 A 股每股现金红利0.06元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/10/13 | － | 2025/10/14 | 2025/10/14 | 证券代码：600826 证券简称：兰生股份 公告编号：临 2025-036 东浩兰生会展集团股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 差异化分红送转： 是 一、 通过分配方案的股东会届次和日期 本次利润分配方案经东浩兰生会展集团股份有限公司（以下简称"公司"）2025 年 5 月 23 日的2024 年年度股东会授权董事会在符合分红条件及比例的前提下，综合考虑公司实际情 况后制定及实施具体的中期分红方案。2025 年 8 月 27 日，公司召开第十一届董事会第十三次 会议，审议通过了《2025 年度中期利润分配方案》的议案。 二、 分配方案 1. 发放年度： ...

Market Overview - On September 25, the professional services sector declined by 0.46%, with Guoyi Bidding leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Notable gainers in the professional services sector included: - Anke Detection: closed at 29.10, up 2.11% with a trading volume of 130,800 shares and a turnover of 384 million [1] - Guoji Detection: closed at 52.16, up 1.86% with a trading volume of 28,200 shares and a turnover of 149 million [1] - Lansheng Co.: closed at 10.41, up 1.66% with a trading volume of 118,000 shares and a turnover of 122 million [1] - Major decliners included: - Guoyi Bidding: closed at 12.96, down 2.41% with a trading volume of 23,200 shares and a turnover of 30.42 million [2] - Kaipu Detection: closed at 21.23, down 2.03% with a trading volume of 11,800 shares and a turnover of 25.18 million [2] - Steel Research Nake: closed at 16.73, down 1.99% with a trading volume of 70,100 shares and a turnover of 118 million [2] Capital Flow - The professional services sector experienced a net outflow of 110 million from institutional investors, while retail investors saw a net inflow of 15.66 million [2] - Notable capital flows included: - Shengke Nano: net inflow of 7.89 million from institutional investors, but a net outflow of 23.03 million from retail investors [3] - Anke Detection: net inflow of 7.63 million from institutional investors, with a net outflow of 1.22 million from retail investors [3] - Lansheng Co.: net inflow of 4.97 million from institutional investors, but a net outflow of 5.58 million from retail investors [3]

证券之星消息，9月22日专业服务板块较上一交易日下跌0.35%，兰生股份领跌。当日上证指数报收于 3828.58，上涨0.22%。深证成指报收于13157.97，上涨0.67%。专业服务板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301228 | 实村检测 | 31.51 | 5.46% | 8.39万 | 2.67亿 | | 002243 | 力合科创 | 9.31 | 1.53% | 27.85万 | 2.57亿 | | 002057 | 中钢天源 | 10.82 | 1.22% | 19.47万 | 2.08亿 | | 300662 | 科锐国际 | 31.10 | 0.88% | - 4.42万 | 1.37亿 | | 300962 | 中金福照 | 16.83 | 0.48% | 2.46万 | 4135.58万 | | 300887 | 谱尼测试 | 8.19 | 0.37% | 5.81万 | 4717.84万 | | 301169 | 零点有数 | 43 ...

Investment Rating - Industry rating: Recommended [4] Core Viewpoints - The tourism market is experiencing significant growth ahead of the upcoming Mid-Autumn Festival and National Day, with a forecasted increase in travel bookings by double digits compared to last year [1][21] - High-quality hotel bookings are expected to continue their upward trend during the holiday period, with a year-on-year increase of over 20% [2] - The expansion of visa-free policies is boosting both inbound and outbound tourism, with a notable 75% increase in booking volumes for inbound travelers from Russia [2][23] Summary by Sections 1. Market Overview - The upcoming "double holiday" is expected to generate an 8-day vacation period, with potential for a 12-day extended holiday through leave arrangements [1] - Domestic travel demand is strong, with a more than 115% increase in bookings for domestic charter tours and over 200% for nearby travel products compared to last year [1] 2. Investment Recommendations - Focus on five investment themes: 1. Continuous upgrades in AI technology, benefiting companies like Core Technology and Focus Technology [3] 2. Increased consumer willingness to pay for emotional value, with high-growth potential in new retail sectors, benefiting brands like Miniso and Pop Mart [3] 3. Recovery of cyclical sectors under domestic demand stimulation, with companies like Haidilao and Jinjiang Hotels expected to benefit [3] 4. Broad prospects for consumer brands going overseas, with support for domestic brands expanding internationally [3] 5. Revitalization of traditional business formats as offline traffic returns, benefiting supermarkets and retail chains [3] 3. Industry Dynamics - The consumer service index outperformed the CSI 300 index by 3.97 percentage points, indicating a positive trend in the consumer services sector [12] - The tourism sector is characterized by short-distance frequent travel and high-quality long-distance travel, with significant growth in bookings for both [21][22] 4. Macro & Industry Data - In August, the total retail sales reached 3.97 trillion yuan, with a year-on-year growth of 3.4% [29] - Online retail sales of physical goods increased by 6.4% year-on-year from January to August, indicating a shift towards e-commerce [30]

Group 1 - The company participated in the "Communicating Value and Building Confidence for the Future" event, focusing on its performance and future strategies [1] - The exhibition business showed stable performance in the first half of 2025, with active exploration of overseas markets through key IP projects [1] - The company has not acquired any textile enterprises but has expanded its portfolio by acquiring the Chengdu Pet Expo [1] - The Chengdu Pet Expo, which opened on September 18, features an exhibition area of approximately 50,000 square meters and over 500 exhibitors [1] - The company is also involved in sports events, creating a matrix of self-owned IP events to integrate culture, commerce, sports, and tourism [1] Group 2 - The company is actively promoting digital capability construction, process restructuring, and system platform development [2] - A service middle platform project has been initiated, focusing on exhibition, event, and venue management to enhance digital service capabilities [2]

Core Viewpoint - Lansheng Co., Ltd. has over 20 years of experience in the exhibition industry and is backed by the Shanghai State-owned Assets Supervision and Administration Commission, providing it with rich shareholder resources [1] Industry Overview - The global exhibition industry is continuously growing, with a full recovery in 2023 after disruptions from public health events, and average revenues have returned to 2019 levels [1] - The global exhibition market is expected to grow by 16% year-on-year in 2024 [1] - China's exhibition infrastructure is improving, with large exhibition venues ranking among the best globally, providing a solid foundation for hosting large-scale events [1] - The distribution of exhibitions is concentrated in first-tier cities, which dominate the market [1] - The industrial sector is the leading segment in the exhibition industry, with significant growth observed in industrial and technology-related exhibitions [1] Company Strategy - The company is advancing its "Exhibition China" and "Exhibition International" strategies, replicating successful exhibitions in different domestic locations and organizing international exhibitions as a dual-driven approach [1] - As a leading domestic exhibition company, Lansheng Co., Ltd. has strong ties with numerous influential government IPs and has deepened its presence in Shanghai, which serves as China's exhibition hub [1] - The company is actively pursuing strategies in "Exhibition China," "Exhibition International," and "Exhibition Digital," indicating high barriers to entry and vast growth potential [1] - The initial coverage of the company has been rated as "Buy" [1]

Group 1: Macro Analysis - The Federal Reserve has lowered interest rates by 25 basis points, with a total of three rate cuts expected within the year, indicating a neutral overall stance [3] - Historical trends suggest that rate cuts in a non-recessionary environment typically lead to increases in U.S. stock markets and gold prices, while bond yields and the U.S. dollar index tend to decline [3] - The recent rate cut opens up further room for monetary policy easing in China, with an increased likelihood of rate cuts in the fourth quarter, contingent on domestic economic performance [3] Group 2: Company Analysis - Lansheng Co., Ltd. (600826.SH) - Lansheng Co., Ltd. operates across the entire exhibition industry chain, including exhibition organization, venue operation, and related services, with strong barriers to entry due to high-level government IP exhibitions [5] - The company is expanding its domestic and international exhibition strategies, aiming to replicate successful events in different locations and participate in overseas exhibitions [5] - Revenue projections for Lansheng from 2025 to 2027 are estimated at 1.714 billion, 1.845 billion, and 1.987 billion yuan, respectively, with corresponding net profits of 349 million, 388 million, and 437 million yuan, reflecting growth rates of 4.3%, 7.7%, and 7.7% [5] Group 3: Company Analysis - Jiuzhou Pharmaceutical (603456.SH) - Jiuzhou Pharmaceutical's performance is showing a positive trend, with Q2 revenue of 1.381 billion yuan, a year-on-year increase of 7.15%, and a net profit of 276 million yuan, up 15.70% [8] - The company is expected to see net profits grow from 949 million to 1.184 billion yuan from 2025 to 2027, with growth rates of 56.5%, 9.8%, and 13.7% respectively [8] - The projected price-to-earnings ratios for Jiuzhou Pharmaceutical are 19X, 17X, and 15X for the years 2025 to 2027 [8] Group 4: Company Analysis - Baidu Group (09888.HK) - Baidu is accelerating its AI transformation, with the launch of the Wenxin large model X1.1, which ranks highly in the industry [10] - Revenue forecasts for Baidu from 2025 to 2027 are adjusted to 129.9 billion, 139.1 billion, and 157.4 billion yuan, with non-GAAP net profits of 17.9 billion, 20.1 billion, and 27.3 billion yuan [10] - The valuation adjustments are based on various business segments, including advertising and cloud services, leading to an upgraded rating to "buy" [10]

Market Overview - On September 17, the professional services sector experienced a slight decline of 0.01%, with Anbang Huwei leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Notable gainers in the professional services sector included: - Anche Detection (300572) with a closing price of 28.77, up 5.77% and a trading volume of 227,500 shares, totaling 648 million yuan [1] - Xince Standard (300938) closed at 27.28, up 5.33% with a trading volume of 209,400 shares, totaling 565 million yuan [1] - Other gainers included Shishi Testing (300416), Lihua Technology (002243), and Shengke Nano (688757) with respective increases of 2.86%, 1.53%, and 1.41% [1] - Conversely, the following stocks faced declines: - Anbang Huwei (603373) closed at 50.28, down 4.23% with a trading volume of 34,800 shares, totaling 177 million yuan [2] - Shicun Testing (301228) and Miao Exhibition (300795) also saw declines of 3.36% and 2.36% respectively [2] Capital Flow - The professional services sector saw a net outflow of 83.28 million yuan from institutional investors, while retail investors contributed a net inflow of 108 million yuan [2] - Detailed capital flow for selected stocks showed: - Anche Detection had a net inflow of 69.82 million yuan from institutional investors, while retail investors had a net outflow of 34.72 million yuan [3] - Lihua Technology and Xince Standard also experienced net inflows from institutional investors, but retail investors showed mixed results [3]

Company Overview - Donghao Lansheng Exhibition Group Co., Ltd. is located in Huangpu District, Shanghai, and was established on August 7, 1982, with its listing date on February 4, 1994 [2] - The company's main business includes import and export trade, agency import and export services, and Sino-foreign joint ventures [2] - Revenue composition: Exhibition organization 47.59%, venue operation services 26.79%, exhibition support services 12.97%, event activities 11.17%, others 0.82%, freight forwarding 0.64% [2] Financial Performance - For the first half of 2025, the company reported revenue of 553 million yuan, a year-on-year decrease of 6.21%, and a net profit attributable to shareholders of 56.93 million yuan, down 30.74% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 1.691 billion yuan, with 405 million yuan distributed over the past three years [3] Stock Performance - As of September 16, the stock price increased by 2.06% to 10.92 yuan per share, with a market capitalization of 8.032 billion yuan [1] - Year-to-date stock price growth is 30.26%, with a recent decline of 2.41% over the last five trading days and a 1.62% drop over the last 20 days [1] - The stock has appeared on the trading leaderboard eight times this year, with the most recent occurrence on July 25, where it recorded a net buy of -40.67 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders is 26,300, a decrease of 10.67% from the previous period, with an average of 28,017 circulating shares per shareholder, an increase of 11.95% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 10.4525 million shares, and new entrants such as Tianhong Yongli Bond A and Tianhong Tongli Mixed A [3]

证券代码：600826 股票简称：兰生股份 公告编号：临 2025-035 东浩兰生会展集团股份有限公司 关于参加2025年上海辖区上市公司集体接待日 暨中报业绩说明会活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 东浩兰生会展集团股份有限公司（以下简称"公司"）于 2025 年 08 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 半年度经营成果及财务状况，公司计划于 2025 年 09 月 19 日下午 15:00-17:00 参加由中国证券监督管理委员会上海监管局指导、上海上市公司协会及深圳市全 景网络有限公司联合举办的"2025 年上海辖区上市公司集体接待日暨中报业绩 说明会活动"，就投资者关心的问题进行交流。 一、说明会类型 本次活动将采取网络远程的方式举行，公司将针对 2025 半年度经营成果及 财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就 1 会议召开时间：2025 年 09 月 19 日（星期五）15:00-17 ...